AtlasClear Holdings Inc. (NYSEAMERICAN:ATCH) Stock Soars After Earnings
This past Friday, AtlasClear Holdings Inc. (NYSEAMERICAN:ATCH) filed its financial results for the fiscal quarter that ended on September 30, 2024. In light of the performance, the stock was on the tear yesterday and clocked gains of 36% amidst heavy interest.
The Performance
In the quarter, the company reported revenues of $2,804,082, and the total expenses for the same period came in at $3,745,184. However, much of the expenses incurred by AtlasClear Holdings during the quarter had been due to payroll taxes, benefits, and compensation, all of which added up to $1,279,304.
The clearance of costs and data processing expenses totaled $611,646. In the aforementioned quarter, AtlasClear Holdings also reported net income to the tune of $10,748,033. The net income had been generated primarily owing to gains made through changes in fair value in financial instruments.
Further Details
The company also reported other income to the tune of $11,710,887, and the interest income it realized for the period came in at $606,758. However, the company also noted that it had also entered into agreements for the purpose of settling some liabilities by issuing common stock as well as promissory notes of convertible nature. It could be a good time for investors to consider keeping an eye on the stock this morning.
Traders Notes
| +/- EMA(20) | 0.19 (+3.74%) |
| +/- SMA(50) | 0.19 (+3.74%) |
| +/- SMA(200) | 1.06 (-81.41%) |
| 5-Day Perf. | -3.43% |
| 1-Month Perf. | +12.31% |
| 3-Month Perf. | -19.42% |
| 6-Month Perf. | -82.08% |
| YTD Perf. | -96.82% |
| 1-Year Perf. | -97.77% |
| RSI(14) | 50.23 |
| ATR(14) | 0.05 |
| ADX(14) | 24.25 |
| Beta (5Y) | 0.35 |